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act-as-one provision

In reinsurance contracts, a provision that is included to avoid
the situation where multiple reinsurers are all part of the same
dispute and each wants to appoint its own arbitrator. The act-as-one
provision compels the reinsurers to act in concert in the selection
of the arbitration panel and in all major communications and decisions
concerning the dispute. It reserves to the reinsurers the right
to assert their own claims or defenses, and it is does not impair
the several liability that typically exists under most reinsurance
agreements. It allows the arbitration process to move forward without
confusion as to how many arbitrators the disputing parties will
appoint. Essentially, it treats the reinsured as one party (which
it is) and the reinsurers' as one party when the dispute involves
more than one reinsurer. This way, the two "parties" or sides can
each appoint one arbitrator, and the party-appointed arbitrators
can appoint the umpire, fulfilling the contractual requirement of
a three-arbitrator panel.